Walmart Inc. (NYSE:WMT) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 21.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,593 shares of the retailer’s stock after selling 9,642 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Walmart were worth $3,125,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 1.9 %

Shares of Walmart stock opened at $98.65 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52-week low of $58.20 and a 52-week high of $105.30. The company has a market capitalization of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a 50 day moving average of $95.90 and a 200 day moving average of $87.71.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WMT shares. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. KeyCorp lifted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $103.07.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last three months. Insiders own 45.58% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.